The Spectator

Full text: George Osborne’s 2014 Autumn Statement

Mr Speaker, Four years ago, in the first Autumn Statement of this Parliament, I presented the accounts of an economy in crisis.

Today, in the last Autumn Statement of this Parliament, I present a forecast that shows the UK is the fastest growing of any major advanced economy in the world.

Back then, Britain was on the brink. Today, against a difficult global backdrop, I can report: higher growth, lower unemployment, falling inflation, and a deficit that is falling too.

Today a deficit that is half what we inherited. Mr Speaker, our long term economic plan is working. Now Britain faces a choice.

Do we squander the economic security we have gained, go back to the disastrous decisions on spending and borrowing and welfare that got us into this mess?

Or do we finish the job – and go on building the secure economy that works for everyone.

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